‘Reader’s Digest’ UK sold for £1
In the UK, Reader’s Digest magazine has been sold for just £1 (A$1.85), reports the Guardian. Private equity company Better Capital sold the business to venture capitalist Mike Luckwell for a...
‘Reader’s Digest’ files for Chapter 11 bankruptcy protection in the US
The parent company of Reader’s Digest magazine has filed for Chapter 11 bankruptcy protection in the US, the equivalent of administration in Australia, reports the Australian. RDA Holding Co has made...
Harlequin to move distribution to HEDS in 2010; Reader’s Digest moves to S&S
Harlequin Enterprises has announced that its distribution will move from TL Distribution to Harper Entertainment Distribution Services (HEDS) from March next year. 'From 1 March 2010, HEDS will commence distribution...
Reader’s Digest cuts staff
Reader's Digest has cut a number of positions, worldwide. A company spokesperson told Publisher's Weekly, the company would not be closing any businesses and that the approximately 280 redundancies (eight...
Heath promoted at Reader’s Digest
Paul Heath, managing director of Reader's Digest Australia, has been named president of Asia Pacific region of the company's operations. The appointment follows a restructure of the company's international operations...
Reader’s Digest Australia unaffected by sale
Following last week's announcement that an investor group led by Ripplewood Holdings had agreed to acquire Reader's Digest, managing director of Reader's Digest Australia Paul Heath told WBN it was...
Reader’s Digest to be sold
A group of investors led by Ripplewood Holdings has agreed to acquire Reader's Digest (RDA), subject to shareholder approval, in a sale expected to close in the first quarter of...